Anil was holding 30 shares of 100 each of JK Co Ltd , issued at 10 discount He paid 20 on application, 30 on allotment (with adjustment of discount) but failed to pay the first call of 20 The shares were forfeited by the Directors of the company Make journal entry to record the forfeiture Anil was...

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Anil was holding 30 shares of 100 each of JK Co. Ltd., issued at 10% discount....

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College Accounting A Contemporary Approach

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Anil was holding 30 shares of 100 each of JK Co. Ltd., issued at 10% discount....

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College Accounting A Contemporary Approach

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